Ninety One gets a new chief investment officer for South Africa

Ninety One has appointed Duane Cable in its newly created Chief Investment Officer South Africa position.

“In this newly created role, Cable will drive investment excellence, talent, and representing the investment teams both internally and externally.” The asset manager said.

Cable is also a member of the South African Management Committee, which is led by Thabo Khojane.

He will work closely with the global CIO office, which is led by John McNab and Mimi Ferrini. In addition, Cable retains his position as portfolio manager and head of South Africa Quality. 

He manages South African absolute returns portfolios, including customized medical scheme portfoliosand global multi-asset portfolios.

Prior to joining Ninety One in 2018, Cable was head of SA equities at Coronation Fund Managers, where he spent 13 years.

He also managed absolute return strategies at Coronation, including co-portfolio management of the Coronation Balanced Defensive Fund.

Before that, he was a manager in the transaction advisory services division of Ernst & Young in New York.

Here, he was involved primarily in financial due diligence advisory services on mergers and acquisitions.

Duane holds a Bachelor of Commerce Bachelor degree from University of Cape Town and a Bachelor of Commerce Honours (Accounting) degree from the University of Natal.

He is a Chartered Accountant, a member of the South African Institute of Chartered Accountants, and a CFA charter holder.

“As an investment-led business, we have built a successful platform of talented investment professionals focused on delivering successful outcomes for our clients,” he said.

“Given the increasing competitive intensity in the local market, we will continue establishing Ninety One as the employer of choice amongst the most talented individuals in SA.”